Question

Bruce is a part-time student (more than half time) enrolled at a qualified postsecondary educational institution. He files as a single taxpayer and cannot be claimed as a dependent on any other tax return. He paid $3,000 in qualified education expenses during the year. What is the amount of his American Opportunity Credit

Answer 1

The answer is: $2,250

Step-by-step explanation:

The American Opportunity Tax Credit (AOTC) is a tax credit available for students that are enrolled at a qualified educational institution. The maximum annual credit is $2,250 per student, and it can be used during the first four years of higher education.